The December bank statement and cash T-account for Stewart Company follow:55December 1December 1December 6December 11December 17December 23December 26December 30December 31December 31NSF check from J. Left, a customer.DepositsDecember 11ChecksDecember 23December 30December 31$ 7,5409,90013,600BalanceDecember 31 BalanceBANK STATEMENTDeposits$ 27,00034,00018,000Cash (A)38,40027,00034,00018,00011,00090,950Other3. Prepare a bank reconciliation for December.NSF*Interest earnedService chargeCreditelow.]Checks written duringDecember:7,5404709,90013,6005,400$ 220There were no deposits in transit or outstanding checks at November 30.Balance$ 38,40030,86057,39047,49081,49081,02085,20085,23085,160

The December bank statement and cash T-account for Stewart Company follow: * Date December 1 December 6 December 11 December 17 December 23 December 26 December 30 December 31 December 31 NSF check from J. Left, a customer. December 1 Deposits December 11 December 23 December 30 December 31 December 31 Checks $ 7,540 470 9,900 470 13,600 Debit Balance Balance. BANK STATEMENT Deposits $ 27,000 34,000 18,000 NSF* Cash (A) 38,400 27,000 34,000 18,000 11,000 90,950 Other Interest earned Service charge Credit Checks written during December: 7,540 470 9,900 470 70 13,600 5,400 $ 220 30 70 There were no deposits in transit or outstanding checks at November 30. Balance $ 38,400 30,860 57,390 47,490 81,490 81,020 85,200 85,230 85,160

The December bank statement and cash T-account for Stewart Company follow: * Date December 1 December 6 December 11 December 17 December 23 December 26 December 30 December 31 December 31 NSF check from J. Left, a customer. December 1 Deposits December 11 December 23 December 30 December 31 December 31 Checks $ 7,540 470 9,900 470 13,600 Debit Balance Balance. BANK STATEMENT Deposits $ 27,000 34,000 18,000 NSF* Cash (A) 38,400 27,000 34,000 18,000 11,000 90,950 Other Interest earned Service charge Credit Checks written during December: 7,540 470 9,900 470 70 13,600 5,400 $ 220 30 70 There were no deposits in transit or outstanding checks at November 30. Balance $ 38,400 30,860 57,390 47,490 81,490 81,020 85,200 85,230 85,160

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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